• Iran-EU Trade Tops €12b

    Trade between Iran and the 28 member states of the European Union during the first eight months of 2018 amounted to €12.02 billion, indicating a 4.4% decrease compared with last year’s similar period.
    Iran’s top five trade partners over the period under review were Italy, France, Spain, Germany and Greece with more than €2.93 billion, €1.98 billion, €1.82 billion, €1.71 billion and €1.04 billion worth of transactions respectively.
    Trade with Croatia (€62.84 million), Hungary (€80.35 million) Latvia (€6.27 million), Spain (€1.82 billion) and Austria (€390.35 million) saw the highest increase of 1,673.6%, 213.4%, 157.8%, 63.6% and 28% respectively. 
    Iran experienced the sharpest decline in trade with Cyprus (65.6%), Bulgaria (59.6%), Portugal (53.2%), the Netherlands (44.9%) and Slovakia (28.9%). 

Domestic Economy

  • Joint Agro Machinery Production With Armenia
    08/26/2018
    Iran and Armenia signed a memorandum of understanding last week on joint production...  
  • Iraq to Seek US Exemptions on Anti-Iran Sanctions
    08/26/2018
    Iraq’s economy is so closely linked to Iran’s that Baghdad intends to ask Washington for permission...
  • Raisin Exports Earn $12m  in 4 Months
    08/26/2018
    Iran exported 11,077 tons of raisins worth $12.77 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs...
  • Siemens Pulls Out of Iran
    08/26/2018
    German engineering conglomerate Siemens has announced it is drastically scaling...  
  • Non-Oil Trade With Kuwait Tops $100m
    08/26/2018
    Iran traded 1.30 million tons of non-oil commodities worth $108.92 million with Kuwait during the first four months of the current Iranian fiscal year (March 21-July 22), registering an 89.95% and...
  • A seaport in Sevastopol, Crimea
    08/26/2018
    US-sanctioned Iran is interested in doing business with Russia’s Crimea, according to ...  
  • Sanctions Clouding S. Korean Cigarette Sales in Iran
    08/25/2018
    South Korea’s leading tobacco seller KT&G is watching the Iran market where sales of its brands were slowing down this year after US reimposed sanctions against the Middle East nation,...
  • EPI Rises 130.6% YOY, 24.6% MOM
    08/25/2018
    The export price index stood at 552.2 for the fourth month of the current fiscal year (June 22-July 22), registering a 24.6% increase compared with the preceding month and a 130.6% rise compared...
  • BA, Air France to Stop Flights to Iran
    08/25/2018
    British Airways and Air France said on Thursday they will halt flights to Iran from...
  • Non-Oil Trade With Turkmenistan Tops 190K Tons
    08/25/2018
    Iran traded 194,214 tons of non-oil commodities worth $113.77 million with Turkmenistan during the first four months of the current fiscal year (March 21-July 22). This marks a 41.07% and 19.99%...
  • Steel Exports Up, Imports Down
    08/25/2018
    A total of 3.38 million tons of finished and semi-finished steel products were exported from Iran during the first four months of the current fiscal year (March 21-July 22) to register a 32.64%...
  • Kiwi Exports Earn $15m  in 4 Months
    08/25/2018
    Iran exported 28,428 tons of kiwis worth $15.75 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran Customs...
  • SCI: Inflation at 9.7%
    08/25/2018
    The goods and services Consumer Price Index in the 12-month period ending Aug. 22, which marks the end of the Iranian month of Mordad, increased by 9.7% compared with last year’s corresponding...
  • Google Removes Iran-Linked Blogs, Accounts
    08/25/2018
    Alphabet Inc’s Google said on Thursday it had identified and terminated 39 YouTube...  
  • Soybean Imports Grow 45 Percent
    08/25/2018
    Close to 999,000 tons of soybeans worth more than $492 million were imported into Iran during the first four months of the current Iranian year (March 21-July 22). This registers a 41.78% and 45....
  • Surcharge on Forex Rate Difference “Illegal”
    08/21/2018
    The retrospective application of Clause Five of the government’s new foreign currency on imports is against the law, the chairman of the parliamentary faction focused on fighting corruption and...
  • Iran’s Int’l Property Rights Index Gets Better in 2018
    08/21/2018
    The 2018 International Property Rights Index Report shows Iran's IPRI score has increased by 0.227 to 4.748. This takes the country's rank to 12th in the Middle East and North Africa region, and...
  • Sesame Oil, Products Imported From  6 Countries
    08/21/2018
    More than 1.38 million tons of sesame oil and products worth $3.2 million were imported into Iran from six countries during the last Iranian year (March 2017-18), figures released by the Islamic...
  • Saqqez Airport to Be Ready  in 2 Years
    08/21/2018
    The construction of Saqqez Airport, located 266 kilometers from Sanandaj in Kurdestan Province, has made 40% progress and is expected to become complete in two years, the manager of Sanandaj...
  • New Online System to Monitor Warehouses Countrywide
    08/21/2018
    All warehouses in Iran are required to register in the so-called “All-Inclusive Warehouses Website” by Aug. 23, otherwise their stored commodities will be considered hoarding and those responsible...
  • Wheat Flour Exports Earn $20 Million
    08/21/2018
    Iran exported 81,638 tons of wheat flour worth $20.49 million during the first four months of the current fiscal year (March 21-July 22), latest data released by the Islamic Republic of Iran...
  • Uptrend in  Non-Oil Trade With Azerbaijan
    08/21/2018
    Iran traded 198,655 tons of non-oil commodities worth $116.44 million with Azerbaijan during the first four months of the current fiscal year (March 21-July 22). This shows a 36.02% and 42.29%...
  • Goods Clearance Eased
    08/20/2018
    An increasing number of consignments have been piling up at customs terminals of major Iranian ports, without being claimed by their owners. The issue took center-stage at Saturday’s joint meeting...
  • Press Iron Imported  From 9 Countries
    08/20/2018
    More than 1,291 tons of press iron worth $7.34 million were imported into Iran from nine countries during the last Iranian year (March 2017-18), based on figures released by the Islamic Republic of...
  • Turkey to Defy US Sanctions, Maintain Trade Ties With Iran
    08/20/2018
    Turkey intends to defy US President Donald Trump and continue its strong bilateral trade links with...

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